Monday , March 27 2017
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Belgium shares low at closing, BEL20 lost 0.42%

Belgium - BEL20

BRUSSELS: Belgium stocks were lower after the close on Friday, as losses in the Financials, Consumer Goods and Telecoms sectors led shares lower. At the close in Brussels, the BEL 20 lost 0.42%. The best performers of the session on the BEL 20 were Galapagos NV (AS:GLPG), which rose 1.26% or 0.950 points to trade at 76.130 at the close. ... Read More »

Belgium urged to undertake indirect tax shift

Belgium urged to undertake indirect tax shift

BRUSSELS: Belgium should reduce its high corporate income and labor taxes and eliminate value-added tax (VAT) concessions, the International Monetary Fund (IMF) has said in its Article IV report for the country. The report notes that Belgium intends to reduce its high personal income tax and social security contribution rates in 2018-2020. However, plans for corporate income tax reform have ... Read More »

EU Financial transactions tax deal hinges on Belgium


VIENNA: Austria’s finance minister says a decision on whether a group of European countries can go ahead with plans for a tax on financial transactions will be made in May. Hans Joerg Schelling said as he arrived at a meeting with European Union counterparts today that the future of the project depends on whether Belgium stay on board. He said ... Read More »

Belgian Trade Federation lauds Unified Benelux retail market initiative

Belgian Trade Federation

BRUSSELS: The chief executive of Comeos, the Belgian trade and services federation has welcomed a study that looks into the possibility of creating a unified retail market for the Belgium, Netherlands and Luxembourg economies. The study, Benelux Retail 2025, was praised by Dominique Michel, the chief executive of Comeos, who said, “we welcome the idea of a unified retail market ... Read More »

Belgian potato exports grow with web portal


BRUSSELS: Belgium is the world’s largest exporter of frozen potato products. Romain Cools from Belgapom, says: “Belgian companies annually process almost 4.5 million tonnes of potatoes into chips, crisps and other products, 90 per cent of which are exported throughout the world. If the sector wants to dedicate itself to sustainable growth, we will need more and better potatoes, and ... Read More »

Belgian eyes unchanged market for pear exports


BRUSSELS: For a while, the pear market experienced good prices, but those have dropped by a few cents as of yesterday. “I want to warn the Belgian fruit cultivators to not pack too much yet. It would be nice if we calmly waited so that we could maintain the good market situation until the end of the season,” says Kris ... Read More »

Inttra acquires Belgian shipping group Avantida


BRUSSELS: Inttra, the world’s ocean shipping electronic marketplace, on Wednesday announced that it has acquired Avantida, the European market leader in empty container management for ocean carriers. Avantida is headquartered in Belgium and currently conducts business in seven European countries. Enhanced coordination of land and ocean container movements generates efficiencies and reduces costs, and Inttra’s entry into landside container logistics ... Read More »

Belgium stocks higher on closing of trade, BEL20 gained 0.17%

stocks higher

BRUSSELS: Belgium stocks were higher after the close on Monday, as gains in the Technology, Basic Materials and Utilities sectors led shares higher. At the close in Brussels, the BEL 20 gained 0.17% to hit a new 52-week high. The best performers of the session on the BEL 20 were Solvay SA (BR:SOLB), which rose 1.28% or 1.40 points to ... Read More »

Brussels Airlines, Qatar Airways win Brussels Airport Aviation Awards

Brussels Airlines, Qatar Airways win Brussels Airport Aviation Awards

BRUSSELS: Brussels Airport this week for the tenth time awarded the Aviation Awards. A total of ten airlines and partners received an award in various categories. Awards include presented to Brussels Airlines, Ryanair, Qatar Airways and Ethiopian Airlines Cargo. Brussels Airport reached for the fourth time the Diamond Award, a prize for people who have contributed to the successful development ... Read More »

Belgium-India sign protocol enabling mutual assistance in collection of taxes


NEW DELHI: In order to strengthen the Center’s fight against the menace of black money stashed in offshore accounts, India and Belgium have signed a Protocol amending the existing agreement and protocol between the two countries for Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income. The protocol was signed by Chairman Central ... Read More »

TUI fly to resume flight operation to Tunisia by the end of March


BRUSSELS: TUI fly (Belgium) confirmed that it will resume regular commercial flights to Tunisia later this month. According to scheduled data, the Belgian leisure specialist will start a 2x weekly Brussels National-Enfidha return service using a combination of EMB-190, A320 (leased from SmartLynx Airlines (6Y, Riga)), and B737NextGen equipment effective March 31. Thereafter, a 2x weekly Brussels Charleroi-Tunis route will ... Read More »

Abu Dhabi CCI announce to host Abu Dhabi-Belgium Business Forum


ABU DHABI: The Abu Dhabi Chamber of Commerce and Industry recently announced the organization the Abu Dhabi-Belgium Business Forum in Abu Dhabi. Attending the forum in Abu Dhabi were Belgian Secretary of State for Foreign Trade Pieter de Crem; Dominique Mineur; Belgium ambassador to the UAE; Dr. Al-Taher Musbeh Al-Kindi, 2nd deputy chairman of the Abu Dhabi Chamber of Commerce; ... Read More »

Belgium’s polished diamonds exports decline by 15%

Belgium’s polished diamonds

BRUSSELS: Belgium’s diamond-trade statistics for February made for somber reading, as data from the Antwerp World Diamond Center (AWDC) showed a slowdown in both polished and rough shipments. Polished exports slid 15 percent year on year to $1.35 billion, with shipments dropping 14 percent by volume to 530,947 carats, according to the data released Monday. The average price of exports ... Read More »

Belgium’s Mithra Pharmaceuticals join hands with Japanese Fuji Pharma

Belgium’s Mithra Pharmaceuticals join hands with Japanese Fuji Pharma

BRUSSELS: Belgium’s Mithra Pharmaceuticals, a company dedicated to Women’s Health, is pleased to announce it has signed a binding term sheet for Donesta, its Hormonal Treatment (HT) product candidate. Six months after Mithra announced the signing of a 20-year exclusive license and supply agreement for Estelle with Fuji Pharma, the Japanese leader in Women’s Health and Japanese market leader in ... Read More »

Belgium’s economic growth increases in Q4 2016


BRUSSELS: Belgium’s economic growth gained momentum in the fourth quarter of 2016, but full year expansion slowed, preliminary figures from the National Bank of Belgium showed today (Tuesday). Gross domestic product rose 0.2 percent from the third quarter, when the economy expanded 0.5 percent. Industrial growth slowed, while construction and services expansions improved. Consumption growth eased, while investments and domestic ... Read More »

Belgium’s 3D company Materialise earns $121.4m revenue in Q3

Belgium’s 3D company Materialise earns $121.4m revenue in Q3

BRUSSELS: Belgium’s 3D printing and software company Materialise reported revenue of $121.4 million for their most recent financial year of 2016. The company, who trade as an ADR on the U.S. NASQDAQ stock exchange, has more than 25 years of 3D printing experience into a range of software solutions and 3D printing services. Total revenue at Materialise for 2016 increased ... Read More »

Annual Europatat Congress to be held in Belgium in June 2017

Annual Europatat Congress to be held in Belgium in June

BRUSSELS: Belgapom, the Belgian Potato Traders and Processors, and Europatat, the European Potato Trade Association have confirmed the dates for the annual Europatat Congress, that this year will take place in Antwerp (Belgium) from 15-17 June 2017, at the Radisson Blu Astrid Hotel, located in the city center of Antwerp. Among the keynote speakers are Harry Arijs (European Commission, DG ... Read More »

Belgium keen to import more LNG from Qatar: Ambassador

LNG imports

DOHA: Belgium, which already imports Qatari gas under two long-term contracts, still has great untapped market potential to absorb more liquefied natural gas (LNG) from Qatar, said a senior diplomat of the EU’s host country. The additional Qatari gas can find use in many new areas, including marine and surface transport. ‘We are open to source more LNG from Qatar ... Read More »

Belgium & UAE discuss ways to strengthen trade ties

Belgium & UAE discuss ways to strengthen trade ties

ABU DHABI: Belgian secretary of state for foreign trade Pieter De Crem and UAE’s minister of economy Sultan bin Saeed Al Mansouri held a round of discussions in the UAE to find ways to boost cooperation between the countries. The focus was on small and medium-sized enterprises and innovation. Al Mansouri welcomed the progressive ties between the UAE and Belgium, ... Read More »

Belgian Sonaca Group acquires LMI Aerospace, entered merger agreement

Belgian Sonaca Group acquires LMI Aerospace, entered merger agreement

BRUSSELS: LMI Aerospace, a St. Charles-based aerospace components manufacturer, entered into a merger agreement to be acquired by Sonaca Group of Belgium. According to agreement, LMI shareholders will receive $14 per share in an all-cash transaction, the company said. The offer represents a 52 percent premium over LMI’s closing share price Thursday (Feb 16) of $9.19 per share. After the ... Read More »